Two public-housing sites in San Francisco will start the design process to build new mixed-use developments after receiving grants from the federal government.
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WHAT: The U.S. Department of Housing and Urban Development has squandered $400 million on nearly 700 stalled or abandoned projects that have been idling for years.
WHY: HUD handed out billions of dollars to local housing agencies but did not even track construction of the projects, according to a yearlong Washington Post investigation.
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U.S. Housing and Urban Development has granted $1 million to help build housing for senior veterans in San Francisco, Mayor Ed Lee announced Tuesday.
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In the more than 3,000 public housing agencies nationwide funded by the Department of Housing and Urban Development, and particularly inside the 172 that HUD considers the most troubled, ABC News and the Center for Public Integrity found a struggle to combat theft, corruption, and mismanagement. According to the report, one official embezzled $900,000 and bought a mansion. Other funds went to support sex workers.
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New York's fading incumbent chief executive, David Paterson, is helping his most likely successor, Attorney General Andrew Cuomo, by distracting attention away from the central fact about the former U.S. Housing and Urban Development Secretary: Decisions he made in Washington between 1997 and 2001 were key factors in causing the mortgage meltdown of 2008.
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URL: http://www.sfexaminer.com/taxonomy/term/10051
